Vanguard Personalized Indexing Management LLC Has $411,000 Stock Holdings in Gildan Activewear Inc. (NYSE:GIL)

Vanguard Personalized Indexing Management LLC lifted its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,918 shares of the textile maker’s stock after purchasing an additional 1,117 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Gildan Activewear were worth $411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. SYSTM Wealth Solutions LLC grew its position in shares of Gildan Activewear by 33.1% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 2,709 shares of the textile maker’s stock valued at $103,000 after purchasing an additional 674 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Gildan Activewear by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,148,030 shares of the textile maker’s stock valued at $43,533,000 after purchasing an additional 110,704 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Gildan Activewear by 12.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 315,851 shares of the textile maker’s stock valued at $11,977,000 after purchasing an additional 34,534 shares during the period. Zions Bancorporation N.A. boosted its position in Gildan Activewear by 11.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 11,090 shares of the textile maker’s stock worth $421,000 after acquiring an additional 1,099 shares during the last quarter. Finally, Forsta AP Fonden acquired a new position in Gildan Activewear during the 2nd quarter worth approximately $1,494,000. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Trading Down 1.4 %

Shares of Gildan Activewear stock opened at $46.85 on Friday. Gildan Activewear Inc. has a 12-month low of $27.24 and a 12-month high of $47.75. The stock has a market cap of $7.76 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.77 and a beta of 1.43. The company has a quick ratio of 0.97, a current ratio of 2.35 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $43.03 and its 200-day moving average is $38.82.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Gildan Activewear had a return on equity of 24.96% and a net margin of 13.01%. The business had revenue of $862.20 million for the quarter, compared to analysts’ expectations of $851.10 million. During the same quarter in the prior year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts predict that Gildan Activewear Inc. will post 2.92 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 22nd were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, August 22nd. Gildan Activewear’s dividend payout ratio (DPR) is presently 27.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GIL shares. Royal Bank of Canada upped their price target on Gildan Activewear from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. BMO Capital Markets upped their price target on Gildan Activewear from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus raised Gildan Activewear from a “hold” rating to a “buy” rating and upped their price target for the stock from $39.00 to $51.00 in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Gildan Activewear Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.